Global Hotel Business Intelligence Software Market by Type (Cloud Based, On-Premises), By Application (Luxury & High-End Hotels, Mid-Range Hotels & Business Hotels, Resorts Hotels, Boutique Hotels, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global hotel business intelligence software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based hotel business intelligence software and the growing adoption of big data and analytics by hotels. The global hotel business intelligence software market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into cloud-based and on-premises hotel business intelligence software. Cloud-based hotel business intelligence software held a larger share in 2017 owing to its advantages such as low cost, scalability, and easy deployment compared with on-premises solutions. However, on-premises solutions are expected to witness higher growth during the forecast period due to their advantages such as security and control over data. On the basis of application, it is segmented into luxury & high end hotels, mid range hotels & business hotels, resorts hotels Boutique Hotels,, others). Luxury & high end hotels held a larger share in 2017 owing to increased spending by travelers for luxurious experiences across all geographies .



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Product Definition:

Hotel Business Intelligence Software is a computer program that helps hotels manage their operations by providing reports and analytics on data collected from various sources within the hotel. The program can help identify areas where improvements can be made, such as in guest satisfaction or operational efficiency.

Cloud Based:

Cloud-based hotel business intelligence software is a collection of solutions that provide data to be analyzed and used by the hotels for their operations. It helps them in gaining insights into customer behavior, which further helps in enhancing the services provided to customers. The factors such as growing demand for online bookings, increasing preference towards mobile booking, surge in demand for personalized advertising are some of the major factors driving growth of cloud based hotel business intelligence software market.

On-Premises:

On-premises software is a type of cloud computing software that is installed and used on the end-users' computers, servers, or other devices. The data can be accessed from remote locations using different types of media (such as web interface and API). On-premises solutions are customized to the business needs. They have high initial investment cost but they reduce over time as the company grows owing to less maintenance cost.

Application Insights:

The luxury and high-end hotels segment dominated the market in 2017. This is attributed to a large number of properties offering facilities such as spas, fine dining restaurants, swimming pools and tennis courts. Furthermore, companies such as Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation and Taj Group are focusing on providing technology-enabled services for their luxury hotel portfolio. The mid-range hotels & business hotels segment is expected to witness significant growth over the forecast period owing to an increase in demand for affordable rooms across various regions including Asia Pacific, North America and Europe. Technology implementation at these properties offers a better experience to guests by enabling them access online reservations; personalized keyless entry through mobile app or remote control; interactive television with digital video recorders; room service via smartphone or tablet device; social media integration with Facebook/Twitter etc.; electronic guest register etc.

Regional Analysis:

North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of industry participants and increased adoption of advanced technologies across various industries. Moreover, hotels in North America are expected to witness significant growth over the forecast period owing to increasing travel and tourism activities supported by an improved economy.

Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to rapid urbanization, growing population, improving standard of living coupled with rising disposable income levels in emerging economies such as India and China among others. Furthermore, government initiatives encouraging investments for infrastructure development are expected drive hotel business across Asia Pacific thereby driving demand for BHIT software solutions over the next eight years.

Growth Factors:

Increasing demand for data-driven decision making in the hotel industry
Proliferation of big data and analytics technologies
Growing need to optimize operations and improve guest experience
Emergence of cloud-based solutions that offer scalability and flexibility
Rising number of business travelers who demand sophisticated analytics for better decision making


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Scope Of The Report
Report Attributes
Report Details
Report Title
Hotel Business Intelligence Software Market Research Report
By Type
Cloud Based, On-Premises
By Application
Luxury & High-End Hotels, Mid-Range Hotels & Business Hotels, Resorts Hotels, Boutique Hotels, Others
By Companies
Intelligent Hospitality, Mastel Hospitality, Juyo Analytics, M3, OTA Insight, Rainmaker, Duetto, ProfitSword, Datavision Technologies, Sisense, Tickr, Optimand, Cvent, Focal Revenue Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.

Global Hotel Business Intelligence Software Market Report Segments:
The global Hotel Business Intelligence Software market is segmented on the basis of:
Types
Cloud Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Luxury & High-End Hotels, Mid-Range Hotels & Business Hotels, Resorts Hotels, Boutique Hotels, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Intelligent Hospitality
Mastel Hospitality
Juyo Analytics
M3
OTA Insight
Rainmaker
Duetto
ProfitSword
Datavision Technologies
Sisense
Tickr
Optimand
Cvent
Focal Revenue Solutions



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Highlights of The Hotel Business Intelligence Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
On-Premises
By Application:
Luxury & High-End Hotels
Mid-Range Hotels & Business Hotels
Resorts Hotels
Boutique Hotels
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hotel Business Intelligence Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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